I've wondered about how I could set up something similar for my niece and nephew that only they can access once they get to a certain age and cannot be used as a piggy bank by their parents (I'd hope they wouldn't) in the meantime.
My niece is at the age where she's a moody teenager and I am confident her parents won't have done something like this for her, which is fine and their prerogative but I'd rather put some money somewhere sensible for her to be able to make use of when she leaves school as opposed to spending it on shit she doesn't want or need for birthdays and Christmases
My nephew is only a few weeks old but the same applies there
My guess is these things have to be opened and managed by parents as opposed to uncles but if someone knows otherwise please say
I've got HL JISAs for my two.
I'm pretty sure you can share details with others to pay into them, you won't be able to manage where it goes funds wise though.
I've wondered about how I could set up something similar for my niece and nephew that only they can access once they get to a certain age and cannot be used as a piggy bank by their parents (I'd hope they wouldn't) in the meantime.
My niece is at the age where she's a moody teenager and I am confident her parents won't have done something like this for her, which is fine and their prerogative but I'd rather put some money somewhere sensible for her to be able to make use of when she leaves school as opposed to spending it on shit she doesn't want or need for birthdays and Christmases
My nephew is only a few weeks old but the same applies there
My guess is these things have to be opened and managed by parents as opposed to uncles but if someone knows otherwise please say
I've got HL JISAs for my two.
I'm pretty sure you can share details with others to pay into them, you won't be able to manage where it goes funds wise though.
You can only have one JISA per child. WIll depend if parents already have one for them (or if govt automatically started one for them due to their age). Would be easier find out from parents how you pay into their JISA (you can make contributions to an already existing as covered above)
Starting to get really concerned about the UK economy and wondering about divesting some of my stocks and shares in the UK, problem is I'm not sure where else to put it.
I'm currently 15.3% of my portfolio in the UK, but that's only 4% of my total wealth (Inc home equity).
My primary concern is that I don't think the tax burden can get much higher, with ideas I'm hearing now being good politics but bad economics Which imo will lead to diminishing returns. Meanwhile this government is unable to cut (I think Rachel Reeves knew exactly that when she was upset), and economic growth is non existent, whilst debt spirals. There's very few levers the chancellor can actually pull, I don't envy her.
My main question is where else would I put the cash? I'm thinking of halving my UK exposure, moving a chunk into the Daxx which I've been underexposed too and maybe finally bite the bullet and buy a bit into gold...
15% isn’t a lot in the UK, but where else to put some depends on where the other 85% is!
FWIW, I was always US heavy, for the past ten or so years anyway and glad I was compared to uk!
this country seems to struggle when it comes to growth.
10 year period:
FTSE 100 up 33% compared to 200% and 300% on the S&P and NASDAQ
Starting to get really concerned about the UK economy and wondering about divesting some of my stocks and shares in the UK, problem is I'm not sure where else to put it.
I'm currently 15.3% of my portfolio in the UK, but that's only 4% of my total wealth (Inc home equity).
My primary concern is that I don't think the tax burden can get much higher, with ideas I'm hearing now being good politics but bad economics Which imo will lead to diminishing returns. Meanwhile this government is unable to cut (I think Rachel Reeves knew exactly that when she was upset), and economic growth is non existent, whilst debt spirals. There's very few levers the chancellor can actually pull, I don't envy her.
My main question is where else would I put the cash? I'm thinking of halving my UK exposure, moving a chunk into the Daxx which I've been underexposed too and maybe finally bite the bullet and buy a bit into gold...
15% isn’t a lot in the UK, but where else to put some depends on where the other 85% is!
FWIW, I was always US heavy, for the past ten or so years anyway and glad I was compared to uk!
this country seems to struggle when it comes to growth.
10 year period:
FTSE 100 up 33% compared to 200% and 300% on the S&P and NASDAQ
Starting to get really concerned about the UK economy and wondering about divesting some of my stocks and shares in the UK, problem is I'm not sure where else to put it.
I'm currently 15.3% of my portfolio in the UK, but that's only 4% of my total wealth (Inc home equity).
My primary concern is that I don't think the tax burden can get much higher, with ideas I'm hearing now being good politics but bad economics Which imo will lead to diminishing returns. Meanwhile this government is unable to cut (I think Rachel Reeves knew exactly that when she was upset), and economic growth is non existent, whilst debt spirals. There's very few levers the chancellor can actually pull, I don't envy her.
My main question is where else would I put the cash? I'm thinking of halving my UK exposure, moving a chunk into the Daxx which I've been underexposed too and maybe finally bite the bullet and buy a bit into gold...
15% isn’t a lot in the UK, but where else to put some depends on where the other 85% is!
FWIW, I was always US heavy, for the past ten or so years anyway and glad I was compared to uk!
this country seems to struggle when it comes to growth.
10 year period:
FTSE 100 up 33% compared to 200% and 300% on the S&P and NASDAQ.
I wouldn't be using the US as a barometer. The big tech stocks have really skewed their markets.
FWIW.....a few investment companies have been taking money out of the US and into Japan & the Far East (but not China) as well as Europe. They also think the UK is undervalued so taking money out wouldnt be the perceived wisdom atm
Starting to get really concerned about the UK economy and wondering about divesting some of my stocks and shares in the UK, problem is I'm not sure where else to put it.
I'm currently 15.3% of my portfolio in the UK, but that's only 4% of my total wealth (Inc home equity).
My primary concern is that I don't think the tax burden can get much higher, with ideas I'm hearing now being good politics but bad economics Which imo will lead to diminishing returns. Meanwhile this government is unable to cut (I think Rachel Reeves knew exactly that when she was upset), and economic growth is non existent, whilst debt spirals. There's very few levers the chancellor can actually pull, I don't envy her.
My main question is where else would I put the cash? I'm thinking of halving my UK exposure, moving a chunk into the Daxx which I've been underexposed too and maybe finally bite the bullet and buy a bit into gold...
15% isn’t a lot in the UK, but where else to put some depends on where the other 85% is!
FWIW, I was always US heavy, for the past ten or so years anyway and glad I was compared to uk!
this country seems to struggle when it comes to growth.
10 year period:
FTSE 100 up 33% compared to 200% and 300% on the S&P and NASDAQ
Does that take account of dividends though?
No, just index levels. Not sure dividends will have made the gap much smaller! Certainly no where near making up the differences.
Got a question my partners friend has already taken out 25% tax free out of her pension, she has then taken a further £1200 but she wants to know how much tax she will have to pay on it.
Got a question my partners friend has already taken out 25% tax free out of her pension, she has then taken a further £1200 but she wants to know how much tax she will have to pay on it.
Got a question my partners friend has already taken out 25% tax free out of her pension, she has then taken a further £1200 but she wants to know how much tax she will have to pay on it.
Depends on what they have earned in the tax year.
As I thought I have sent them a link to a which calculator
Comments
I'm pretty sure you can share details with others to pay into them, you won't be able to manage where it goes funds wise though.
FWIW, I was always US heavy, for the past ten or so years anyway and glad I was compared to uk!
this country seems to struggle when it comes to growth.
10 year period:
FTSE 100 up 33% compared to 200% and 300% on the S&P and NASDAQ
FWIW.....a few investment companies have been taking money out of the US and into Japan & the Far East (but not China) as well as Europe. They also think the UK is undervalued so taking money out wouldnt be the perceived wisdom atm
Will be a brave man to predict where it will be at the end of the year.